Top tier rental property located 1 block from Downtown Red Bank on the highly coveted East Side. This property has been recently renovated and is the perfect turn-key investment. Financials available in the documents section of the listing. Fully rented property with tenants in place with multi year leases. Rent roll is $74,400 a year with tenants paying all utilities. NOI - $62,222!! This property is the ideal property for an investor to make money with no work needed to be done. This home features 2 units. First floor consists of 4BR and 2 baths with a huge basement with washer and dryer. Second floor consists of 3Br and 1 bath with laundry in unit as well. Turnkey investment opportunity that will make you money from day one!
Multi-familyProperty Type
1970Year Built
5,662 sq ftLot Size
$481Est. Price/Sq.Ft.
4 spacesParking
Listed by Vincent Hennessey• RE/MAX Real Estate LTD.
Bought with Vincent Hennessey• Coldwell Banker Realty
Run! Don't miss your opportunity to own this fantastic two family home in the heart of Red Bank. Close to town and everything Red Bank has to offer. The first floor unit has 4 bedrooms and two full baths with a full unfinished basement. The second unit has 3 bedrooms and 1 full bath. Act quick! This one won't last! Video Link - First Floor Unit - https://player.vimeo.com/video/420625714
Year
Property tax
Land + Additions
Assessment*
2025
$18,242 (+1.1%)
$378,000 + $665,700
$1,043,700
2024
$18,040 (+11.8%)
$352,800 + $648,400
$1,001,200
2023
$16,140 (+12.8%)
$297,400 + $657,600
$955,000
2022
$14,306 (+0.2%)
$297,400 + $547,200
$844,600
2021
$14,272 (+31.2%)
$266,800 + $446,000
$712,800
2020
$10,878 (+4.4%)
$232,000 + $406,000
$638,000
2019
$10,423 (+0.6%)
$232,000 + $246,800
$478,800
2018
$10,355 (+11.0%)
$232,000 + $239,400
$471,400
2017
$9,326 (+1.6%)
$202,000 + $240,000
$442,000
2016
$9,182 (−15.6%)
$202,000 + $240,000
$442,000
2015
$10,882 (+6.3%)
$202,000 + $233,800
$435,800
2014
$10,240 (+5.7%)
$272,000 + $263,300
$535,300
2013
$9,689 (+3.0%)
$272,000 + $263,300
$535,300
2012
$9,405 (+2.6%)
$272,000 + $263,300
$535,300
2011
$9,164 (+2.0%)
$272,000 + $263,300
$535,300
2010
$8,988 (+4.1%)
$272,000 + $263,300
$535,300
2009
$8,634
$272,000 + $263,300
$535,300
Tax history for 66 Mechanic St
Year
Property tax
Land + Additions
Assessment*
2025
$18,242 (+1.1%)
$378,000 + $665,700
$1,043,700
2024
$18,040 (+11.8%)
$352,800 + $648,400
$1,001,200
2023
$16,140 (+12.8%)
$297,400 + $657,600
$955,000
2022
$14,306 (+0.2%)
$297,400 + $547,200
$844,600
2021
$14,272 (+31.2%)
$266,800 + $446,000
$712,800
2020
$10,878 (+4.4%)
$232,000 + $406,000
$638,000
2019
$10,423 (+0.6%)
$232,000 + $246,800
$478,800
2018
$10,355 (+11.0%)
$232,000 + $239,400
$471,400
2017
$9,326 (+1.6%)
$202,000 + $240,000
$442,000
2016
$9,182 (−15.6%)
$202,000 + $240,000
$442,000
2015
$10,882 (+6.3%)
$202,000 + $233,800
$435,800
2014
$10,240 (+5.7%)
$272,000 + $263,300
$535,300
2013
$9,689 (+3.0%)
$272,000 + $263,300
$535,300
2012
$9,405 (+2.6%)
$272,000 + $263,300
$535,300
2011
$9,164 (+2.0%)
$272,000 + $263,300
$535,300
2010
$8,988 (+4.1%)
$272,000 + $263,300
$535,300
2009
$8,634
$272,000 + $263,300
$535,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
7
Baths
3
Stories
2
Lot width
51 ft.
Lot depth
107 ft.
Lot size
5,458 Sq. Ft.
Year renovated
—
Sq. Ft.
2,638
Year built
1970
Style
Single Family Residential
County
Monmouth County
APN
3900026 00002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
Property details
Parking
Parking Information
Garage Spaces: 0.0
Interior
Interior Features
Fireplaces Total: 0
Flooring: W/W Carpet, Wood
Heating & Cooling
Heating: Yes
Forced Air
Bedroom Information
Bedrooms Total: 7
Bathroom Information
Bathrooms Total Integer: 3
Bathrooms Total Decimal: 3.0
Bathrooms Full: 3
Bathrooms Half: 0
Basement Information
Basement: Partially Finished, Full
Exterior
Property Information
Ownership: NJ LIC RE, Corporate
Subdivision Information
None
None
Red Bank (RED)
Financial
Tax Information
Parcel Number: 39-00026-0000-00002
Tax Annual Amount: 10878.0
Tax Block: 26
Tax Lot: 2
Tax Year: 2020
Utilities
Utility Information
Sewer: Public Sewer
Location
Location Information
Monmouth
Latitude: 40.351514
Longitude: -74.06247
Public facts
Beds: 7
Baths: 3.0
Sq. Ft.: 2,638
Stories: 2.0
Lot Size: 5,458 square feet
Style: Single Family Residential
Year Built: 1970
Year Renovated: —
County: Monmouth County
APN: 3900026 00002
Home facts updated by county records on Sep 14, 2026